N.J. Stat. § 17B:30-9: Stock operations and advisory board contracts

No person shall issue or deliver or permit agents, officers, or employees to issue or deliver, agency company stock or other capital stock, or benefit certificates or shares in any common-law corporation, or securities or any special or advisory board contracts or other contracts of any kind promising returns and profits as an inducement to insurance or annuity.

L.1971, c. 144, s. 17B:30-9.